Forex is profitable ?

trading practically is the best course than others , sometimes we think bookish knowledge can play an important role in Forex trading but actually not. only practical trading knowledge is real.

Adribaasmet posted:

Elanbani posted:
Definitely Forex is profitable but unfortunately not for everyone. More than 90% traders are loser in the Forex.

Yes, the ratio is too horrible! But, end of the day knowledge traders can make enough money because of their good trading skill.

Agree with you, traders who have enough knowledge and experience of Forex are making millions from it.
  

BluePanther posted:

Mark Shawzin:

'Out of the 241 trades, 16 of them were responsible for ALL of the profit.
Most people in this world can't handle it. Yet, it is the only way I have ever seen anyone make money trading. Ever.
I was on Wall Street for 23 years. All of the successful fund managers will have long losing streaks, sometimes lasting 6 months to a year.
And then... boom! They let their winners run and they wipe out all of their losses.
It is how trading works.

https://thepatterntrader.com/the-pattern-trader-bundle-35/

My losing streak has lasted almost ten years...

And then... boom! I let my winners run and they wipe out all of my losses.
It is how trading works.

😎

yoy are right

I have seen according to my trading experience, mostly traders in particularly the newcomers think , only most powerful analyzing trade knowledge can bring success in this market place , but practically despite of having good trading knowledge that’s not possible at all lead a profitable trading life with certainly of you don’t have a reliable support from a credible trading broker , because the trading broker can affects the result of our trading with certainly.

Mohammadi posted:
I have seen according to my trading experience, mostly traders in particularly the newcomers think , only most powerful analyzing trade knowledge can bring success in this market place , but practically despite of having good trading knowledge that’s not possible at all lead a profitable trading life with certainly of you don’t have a reliable support from a credible trading broker , because the trading broker can affects the result of our trading with certainly.

No doubt, broker is another important parameter here! But I see, nowadays there have so many good review sites, that’s really a good sign for the newcomers.

Elanbani posted:
Definitely Forex is profitable but unfortunately not for everyone. More than 90% traders are loser in the Forex.

Yep! There's all this noise you'll hear about forex being profitable. It makes everyone believe that anyone can succeed here no matter what. But the hard truth is that only a very small percentage of people can be profitable here, those with the right combination of knowledge, skills, experience, dedication, discipline, patience, hard work and sharp trading instincts!

Forex is profitable, but all in a different way than the advertisements do to attract people.
You need to lose, you need to study over you losses, you need to refine.
Risk is always unpredictable and changing according to new commercial terms (ESMA...😕)

What you win is excatly what the other loose, nothing more

Forex do not create nothing

and only brokers winn any where

and banks of course

Forex is one of the most popular trading profession, the beauty is there is no restriction; that’s why I started my trading when I was under 18; although then I was involved with only learning.

The truth is that you should know how to make it profitable. If you don't know that then I don't really think it's going to be of any help.

Admoni posted:
then before you get a real account , get a demo account and practice as much as you can so you will get a better idea about the market. You probably should use the demo account for months. However , if you feel like you are ready , then by all means open up a real account.

Demo can never help to get ready for live actually. How many times you have heard this 'very much profitable in demo, but why I can't make profits in live?'
Use broker for knowledge, of using platform or of using analytics, but demo is not for testing if profitable or not. My piece of advice.

yes for those who know what they are doing, forex can be profitable. it all depends on your trading strategy and consistency. flipping the switch frequently will never let you make constant gains.

Getting the right trading strategy is the biggest problem. There are so many out there and none seem to work! I have tried some EAs with success but the manual strategies that are taught never seem to work for me

BluePanther posted:

Trading is zero sum game retail traders are trading against large corporate bank(liquidity providers). Most traders are not discipline and using high leverage to maximize there profit but they don't care about drawdown and loss money.

Forex is profitable, yes, but not as easy as you people might think. It's not like 'this and that, then done' strategy. It's a process where learning never ends, or strategy may not become permanent. There will be continuous knowledge, continuous analysis, risk management, or if necessary, tracking the records. These all are in the personal room of successful trading life.